Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: OKX against MEXC−0.181%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1201.199% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.140%+$14 · spread now −0.181%, 7d avg −0.106%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.075% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ATH_USDT	0.005518	0.0100	pay 0.0050% / 4h	1h 17m	$9.0M	$677K	50x
Short	OKX ATH-USDT-SWAP	0.005508	0.0100	get 0.0050% / 4h	1h 17m	$708K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee OKXbpOrdersPrice spread, now −0.181%Rate

Funding earned: $0
Price spread: −0.181% → −0.106%: −$7.47
Slippage, 4 orders: −$101.89
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$127.36
Costs to cover: 1.199%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 5 min ago	1.81 bp	16.2 bp −$16	57.1 bp −$571	200.0 bp −$20.0K	doesn't fit
Sell OKX live order book, 4 min ago	6.34 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit

ATH on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ATHUSD	−0.2370%	1h	0.005518	+0.004%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0105%	4h	0.005513	−0.099%	$185K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005524	+0.107%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005516	−0.045%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005517	−0.013%	$3.3M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005504	−0.254%	$4.3M	$2.7M	25x	as long as short
OKX ATH-USDT-SWAPshort	+0.0100%	4h	0.005508	−0.181%	$708K	$1.3M	20x
Gate ATH_USDT	+0.0100%	4h	0.005507	−0.199%	$787K	$614K	30x	as long as short
MEXC ATH_USDTlong	+0.0100%	4h	0.005518	long leg	$9.0M	$677K	50x
KuCoin ATHUSDTM	+0.0100%	4h	0.005517	−0.018%	$555K	$80K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005514	−0.072%	$1.6M	$912K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005512	−0.109%	—	$21.3M	—	as long as short
BloFin ATH-USDT	+0.0132%	4h	0.005524	+0.109%	$163K	$71K	75x	as long as short